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  • August 1, 2014
  • Last updated: 3:09am
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Results 1 - 10 of 10 for subprime mortgages

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  1. Business - Money - ASK MELANIE

    Prospect of property slump adds to risk

    Posted May 20th 2013, 12:00am by Melanie Nutbeam

    ... of property slump adds to risk Rising property values have increased our equity in our Hong Kong home. We are thinking of increasing our current home mortgage to buy a property in Britain or Canada. We are in our mid-50s and plan to repay the loan from the sale of our Wan Chai investment flat when we retire at 65. This flat is mortgaged to about 70 per cent of its value. What do you ...

  2. Business - Money - ASK MELANIE

    Ask Melanie: Should we wait to buy our dream home?

    Posted Oct 22nd 2012, 12:00am by Melanie Nutbeam

    ... mortgage on a HK$9 million property to no more than HK$5 million, so you need a deposit of HK$4 million, plus HK$337,000 for stamp duty, HK$90,000 for agent's fees (assuming no discount) ... for your wife, your repayments over 11 years at current mortgage rates of 2.55 per cent will be about HK$43,000 a month. Buying your own home looks achievable, affordable and reasonably ...

  3. Business - Money - ASK MELANIE

    Saving stamp duty means leaving home

    Posted May 06th 2013, 12:00am by Melanie Nutbeam

    ... so the property transfers with clean title. If there is a mortgage on the property, you will also need the consent of your bank to any ownership changes. There may be some bank costs ... happy to have a property owned solely by the other, your mortgage arrangements, costs of the respective transactions, anticipated appreciation in the new properties and whether you should ...

  4. Business - Money - ASK MELANIE

    Swapping Hong Kong for the UK. An adviser here or there?

    Posted Mar 11th 2013, 12:00am by Melanie Nutbeam

    ... buying a decent set of wheels- and the costs of insuring them. Once you have rough figures for your home and lifestyle- perhaps £500,000 (HK$5.8 million) for a mortgage-free home, £30,000 ... to a smaller home in later years, or a reverse mortgage, might be an option. By now you will be developing a feel for the sort of advisory services you need. Hire someone who takes a total view on your ...

  5. Business - Money - ASK MELANIE

    Are you saving too much, or not enough, for your retirement?

    Posted Sep 24th 2012, 12:11am by Melanie Nutbeam

    ... during our working years. Savings include repayments of mortgage principal (as opposed to mortgage interest) and compulsory savings to retirement plans. The sooner you start saving, the sooner ... it. Is it worth its annual cost relative to your goals? Arrange monthly automatic payments to investment funds so you won’t miss what you don’t see. Mortgage repayments are a great example ...

  6. Business - Money - ASK MELANIE

    Calling all retiring types: make sure your superannuation fund stays super

    Posted Feb 04th 2013, 12:00am by Melanie Nutbeam

    ... should use the strategy of contribution to superannuation against other strategies, for example, paying down a mortgage. Some people ask whether contributing to a superannuation fund while ...

  7. Business - Money - ASK MELANIE

    Ask Melanie: How to avoid falling off your own fiscal cliff

    Posted Dec 31st 2012, 12:00am by Melanie Nutbeam

    ... or spending plan. Use a spreadsheet or Word document to list all monthly income and expenses. Tax payments, rent or mortgage repayments, utilities, domestic help, food and groceries, school fees, ...

  8. Business - Money - ASK MELANIE

    Ask Melanie: Tax loans

    Posted Nov 12th 2012, 12:00am by Melanie Nutbeam

    ... Let's tackle the second question first. The interest charged on an unsecured tax loan is higher than a mortgage, for example, where your property can be sold if you default. Banks have just ...

  9. Business - Money - ASK MELANIE

    Ask Melanie: a new year, a new financial plan

    Posted Dec 17th 2012, 12:00am by Melanie Nutbeam

    ... to the relevant assets. Credit card debt and accrued tax liabilities, for example, are listed next to cash while mortgages are listed next to the relevant property. Use a common currency for all assets, ...

  10. Business - Money - ASK MELANIE

    Ask Melanie: Critical Illness Cover

    Posted Nov 19th 2012, 12:51am by Melanie Nutbeam

    ... and cleared his mortgage. This reduced stress, accelerated his savings, and allowed for early retirement. You probably already have a medical insurance policy but that’s not enough. These only make ...



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